Inc. Magazine June 2018

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders.

United States
Mansueto Ventures LLC
6 Issues

in this issue

2 min
what can be changed

In the years leading up to World War II, the American theologian Reinhold Niebuhr wrote a prayer poem that would become far more popular than he could ever have anticipated. It opens by asking a divine power for “grace to accept with serenity the things that cannot be changed, courage to change the things which should be changed, and the wisdom to distinguish the one from the other.” This nugget has been taken to heart by all manner of self-help seekers, but it can also be read as sound advice for people running businesses. There will always be things that an individual CEO cannot change. Macroeconomic forces, for example, are outside the scope of what a company can directly affect. As editor-at-large Leigh Buchanan notes on page 26, the size and…

5 min
if you can make it there

For a childless 20-something male programmer, fueled by caffeine and ambition and seeking millions in VC funding, the San Francisco Bay Area is North America’s startup hot spot. But if you’re looking for the most plausible contender to soon supplant it, look to a city a couple thousand miles east. It’s home to companies that might have a bit more humanity, run by well-adjusted entrepreneurs building sustainable businesses that employ a talented and diverse workforce. Welcome to Toronto. World-beating, people-centered companies have long been birthed and thrive in Toronto, including Four Seasons Hotels and Resorts and MAC Cosmetics. It’s a natural home for the kind of people who really start companies (rather than the people who start companies in the movies): midcareer men and women, who care not only about their…

1 min
popping the question. and a flashbulb

James Ambler had been a paparazzo for years, but when he proposed to his wife-to-be, he didn’t snap any photos. This upset her family. It also gave him the idea for his New York City–based Paparazzi Proposals, which combines his skill at stealth with the growing demand to document and share, well, everything. “It’s the devil I know,” sighs Ambler. For $495, a customer can consult on proposal plans, and receive 80 to 125 photos three days after the event. Roses and musicians are extra, as are fancier approaches, like horse-and-carriage rides in New York City and private helicopter tours over Los Angeles. Revenue is in the six figures, Ambler says, and has grown 2,900 percent since the business launched in 2013. It’s wedding season now, but Ambler’s also busy in March,…

1 min
the jargonator

MILLEXZIAL • noun According to Deloitte, “the mobile consumption behaviors of Generation X (ages 35–51) now closely mirror those of Generation Z (ages 14–20) and millennials (ages 21–34). We are calling this combined group … the MilleXZials.” I really wish they WOuLd’NT. Source: Deloitte LE 2-2-1 • noun The French term for a family-friendly work-life balance: “Two nights where Mom gets home at 7:30, two others where it’s Dad, and one for the nanny.” And they invented croissants. What a country! Source: @laurenzcollins citing L’Obs DENSIFICATION • noun As in: Qatar Airways has “densified” some 777s by shrinking economy seat widths from 18.5 inches to 17 inches. Soon boarding passes will double as consent forms. Source: The Independent PAWTERNITY LEAVE • noun According to Petplan, 5 percent of pet owners have been offered paid leave from their jobs to adjust…

2 min
this is not your routine morning

“I lie down on a bed of nails. Getting physically uncomfortable helps me make better decisions when I’m under stress. I’m constantly challenging my mind and body to think differently and understand discipline and adaptation.”ERIC CASABURI Founder and CEO of Retro Fitness“I take a hot bath. With a green tea, if possible. If I have an early call or flight, I have my bath at 4 a.m. If my hotel room doesn’t have a bathtub, I negotiate an upgrade by being really, really nice.”KAROLI HINDRIKS Founder and CEO of tech-gig marketplace Jobbatical“I spend an hour and a half reading essays and plays. I just finished Hamlet, Samuel Kirkham’s English Grammar, and Churchill’s Painting as a Pastime.TRISTAN WALKER Founder and CEO of Walker & Company“I play the keyboard. I studied music…

2 min
should co-founders be married—to each other?

VICKI FULOP Co-founder (with her husband, Rich) and chief communications officer, Brooklinen JONATHAN TOWER Founder and managing partner, Catapult VC—which rarely invests in “family founders.” Why might it be harder for married co-founders to find investors? It was a fairly smooth process for us, but maybe it scares investors because of preconceived notions of people having a relationship before they launch a startup. Sometimes, the board needs to take action, and how do you do that when the founders are married? Those are complexities you don’t find with college roommates. What strengths might married co-founders bring? You have already committed to a life together. It almost alleviates a little bit of worry because you know you’re in it for the long haul. There are probably certain things that a husband and wife team won’t do to each other. You…